The pace of recovery of the UK economy from last year’s recession slowed in September as caution grows ahead of Rachel Reeves’s Autumn Budget, according to a key business survey.
The closely watched S&P Global Flash United Kingdom PMI index stood at 52.9 in September, down from 53.8 in August, and the 11th consecutive month of growth but below City expectations of 53.5. A reading of 50 indicates no growth.
